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Property profile & analytics
OFF-MARKET
Estimated value
$9,245,000
Warehouses
3045 Elkhorn Blvd North Highlands, CA 95660-3000
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-2826260
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1984
Construction
TILT-UP CONCRETE
Total area
81,700 SF
Lot
4.77 ac (207,781 SF)
Zoning code
SPA
APN
208-0102-021-0000
UPID
US09-2826260
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.92M
CAP Approach
CAP
$10.86M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.25M
Owner & transaction history
Mhc 99 LLC · 5 yrs held
Mhc 99 LLC
since 2020
Last sale
$7.7M
6 recorded transactions
Zoning & alternative use
SPA · North Highlands, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Highlands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Highlands submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$10,155,000
ML approach
$9,915,000
CAP Approach
CAP Return
Estimation
6%
$11,765,000
6.5%
$10,860,000
7%
$10,085,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,630,000
Current use
Blend value · Realmo final
$9.25M
Range $8.32M – $10.17M · ±10% · vs last sale $7.65M (Oct 14 2020)
Last sale anchor
$7.65M
Oct 14 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$113 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$79,348
Tax year 2024
Assessed value
$6,908,463
Assessed 2024
Previous assessed
$6,908,463
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$2,207,312
Assessed improvement
$4,701,151
Applied tax rate
59.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
81,700 SF
Lot
4.77 ac (207,781 SF)
Zoning code
SPA
APN
208-0102-021-0000
UPID
US09-2826260
Jurisdiction
SACRAMENTO
Zoning & alternative use
SPA · North Highlands, CA
Zoning SPA · permitted uses
SPA · North Highlands, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Highlands. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$11.6M
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
4.77 ac
Current owner
From public records · entity-resolved
Mhc 99 LLC
Entity
Mailing address
PO BOX 71870, SALT LAKE CITY, UT 84171-0870
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2022
—
Mhc 99 California Portfolio Ca LLC
—
Deed
related
$615,000,000 · Jpmorgan Chase Bank NA
Oct 14, 2020
$7,650,000
Mhc 99 LLC
Lemasters Lc
Grant Deed
$276,895,279 · Jp Morgan Chase Bk
Aug 3, 2016
—
Lemasters & Maher One LLC
—
Deed
related
$100,000 · Bank Of Napa NA
Jul 21, 2016
—
Billy C Maher
Maher Family Trust
Quit Claim Deed
related
—
Dec 20, 2012
—
Lemasters & Maher One LLC
Maher Billy C 2012 Trust
Quit Claim Deed
related
—
Jun 3, 1993
$146,363
Billy C Maher
Federal Deposit
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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